CITY OFFICE REIT INC (CIO) Stock Fundamental Analysis
NYSE:CIO - US1785871013 - REIT
6.94 USD
+0.02 (+0.29%)
6.94 USD
0 (0%)
Overall CIO gets a fundamental rating of 3 out of 10. We evaluated CIO against 129 industry peers in the Diversified REITs industry. CIO scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. CIO is valued expensive and it does not seem to be growing.
1. Profitability
1.1 Basic Checks
CIO had negative earnings in the past year.
CIO had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: CIO reported negative net income in multiple years.
Each year in the past 5 years CIO had a positive operating cash flow.
1.2 Ratios
The Return On Assets of CIO (-9.62%) is worse than 91.47% of its industry peers.
Looking at the Return On Equity, with a value of -20.78%, CIO is doing worse than 85.27% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 1.55%, CIO is doing worse than 73.64% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for CIO is in line with the industry average of 3.07%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -9.62% | ||
| ROE | -20.78% | ||
| ROIC | 1.55% |
ROA(3y)-0.59%
ROA(5y)5.55%
ROE(3y)-1.18%
ROE(5y)10.12%
ROIC(3y)1.69%
ROIC(5y)1.79%
1.3 Margins
With a Operating Margin value of 15.18%, CIO is not doing good in the industry: 64.34% of the companies in the same industry are doing better.
In the last couple of years the Operating Margin of CIO has declined.
CIO has a Gross Margin of 60.44%. This is in the lower half of the industry: CIO underperforms 66.67% of its industry peers.
In the last couple of years the Gross Margin of CIO has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 15.18% | ||
| PM (TTM) | N/A | ||
| GM | 60.44% |
OM growth 3Y-7.81%
OM growth 5Y-2.95%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-2.77%
GM growth 5Y-1.27%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), CIO is destroying value.
Compared to 1 year ago, CIO has more shares outstanding
CIO has less shares outstanding than it did 5 years ago.
The debt/assets ratio for CIO is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 0.52, we must say that CIO is in the distress zone and has some risk of bankruptcy.
CIO's Altman-Z score of 0.52 is in line compared to the rest of the industry. CIO outperforms 51.16% of its industry peers.
CIO has a debt to FCF ratio of 41.21. This is a negative value and a sign of low solvency as CIO would need 41.21 years to pay back of all of its debts.
CIO's Debt to FCF ratio of 41.21 is fine compared to the rest of the industry. CIO outperforms 64.34% of its industry peers.
CIO has a Debt/Equity ratio of 1.05. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 1.05, CIO is in line with its industry, outperforming 58.14% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.05 | ||
| Debt/FCF | 41.21 | ||
| Altman-Z | 0.52 |
ROIC/WACC0.24
WACC6.61%
2.3 Liquidity
A Current Ratio of 2.42 indicates that CIO has no problem at all paying its short term obligations.
CIO has a Current ratio of 2.42. This is amongst the best in the industry. CIO outperforms 85.27% of its industry peers.
A Quick Ratio of 2.42 indicates that CIO has no problem at all paying its short term obligations.
CIO has a better Quick ratio (2.42) than 85.27% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.42 | ||
| Quick Ratio | 2.42 |
3. Growth
3.1 Past
The earnings per share for CIO have decreased strongly by -780.56% in the last year.
Looking at the last year, CIO shows a decrease in Revenue. The Revenue has decreased by -3.69% in the last year.
CIO shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 1.83% yearly.
EPS 1Y (TTM)-780.56%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-1800%
Revenue 1Y (TTM)-3.69%
Revenue growth 3Y1.43%
Revenue growth 5Y1.83%
Sales Q2Q%0%
3.2 Future
CIO is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 15.58% yearly.
Based on estimates for the next years, CIO will show a small growth in Revenue. The Revenue will grow by 2.23% on average per year.
EPS Next Y35.65%
EPS Next 2Y20.59%
EPS Next 3Y15.58%
EPS Next 5YN/A
Revenue Next Year-0.36%
Revenue Next 2Y1.66%
Revenue Next 3Y2.23%
Revenue Next 5YN/A
3.3 Evolution
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
CIO reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Also next year CIO is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, CIO is valued cheaper than 82.17% of the companies in the same industry.
CIO's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. CIO is cheaper than 79.07% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.84 | ||
| EV/EBITDA | 10.52 |
4.3 Compensation for Growth
A more expensive valuation may be justified as CIO's earnings are expected to grow with 15.58% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y20.59%
EPS Next 3Y15.58%
5. Dividend
5.1 Amount
CIO has a Yearly Dividend Yield of 5.78%, which is a nice return.
Compared to an average industry Dividend Yield of 6.36, CIO pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.32, CIO pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.78% |
5.2 History
The dividend of CIO decreases each year by -10.58%.
CIO has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)-10.58%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
CIO has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-18.39%
EPS Next 2Y20.59%
EPS Next 3Y15.58%
6.94
+0.02 (+0.29%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners64.67%
Inst Owner Change-0.82%
Ins Owners4.33%
Ins Owner Change0%
Market Cap280.10M
Analysts71.11
Price Target6.55 (-5.62%)
Short Float %0.97%
Short Ratio0.69
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.78% |
Yearly Dividend0.59
Dividend Growth(5Y)-10.58%
DP-18.39%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-1198.68%
Min EPS beat(2)-2408.25%
Max EPS beat(2)10.89%
EPS beat(4)2
Avg EPS beat(4)-651.41%
Min EPS beat(4)-2408.25%
Max EPS beat(4)10.89%
EPS beat(8)4
Avg EPS beat(8)-335.39%
EPS beat(12)7
Avg EPS beat(12)-258.23%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-1.07%
Min Revenue beat(2)-1.28%
Max Revenue beat(2)-0.85%
Revenue beat(4)0
Avg Revenue beat(4)-1.34%
Min Revenue beat(4)-2.8%
Max Revenue beat(4)-0.44%
Revenue beat(8)1
Avg Revenue beat(8)-1.18%
Revenue beat(12)3
Avg Revenue beat(12)-0.7%
Revenue beat(16)6
Avg Revenue beat(16)0%
PT rev (1m)5.48%
PT rev (3m)5.48%
EPS NQ rev (1m)-23.81%
EPS NQ rev (3m)-56.01%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)-0.35%
Revenue NQ rev (3m)0.4%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.61%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A | ||
| P/S | 1.66 | ||
| P/FCF | 17.84 | ||
| P/OCF | 5.33 | ||
| P/B | 0.46 | ||
| P/tB | 0.48 | ||
| EV/EBITDA | 10.52 |
EPS(TTM)-3.17
EYN/A
EPS(NY)-0.34
Fwd EYN/A
FCF(TTM)0.39
FCFY5.61%
OCF(TTM)1.3
OCFY18.76%
SpS4.18
BVpS15.24
TBVpS14.61
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -9.62% | ||
| ROE | -20.78% | ||
| ROCE | 1.97% | ||
| ROIC | 1.55% | ||
| ROICexc | 1.58% | ||
| ROICexgc | 1.61% | ||
| OM | 15.18% | ||
| PM (TTM) | N/A | ||
| GM | 60.44% | ||
| FCFM | 9.3% |
ROA(3y)-0.59%
ROA(5y)5.55%
ROE(3y)-1.18%
ROE(5y)10.12%
ROIC(3y)1.69%
ROIC(5y)1.79%
ROICexc(3y)1.72%
ROICexc(5y)1.83%
ROICexgc(3y)1.79%
ROICexgc(5y)1.9%
ROCE(3y)2.14%
ROCE(5y)2.27%
ROICexcg growth 3Y-4.09%
ROICexcg growth 5Y-6.09%
ROICexc growth 3Y-3.25%
ROICexc growth 5Y-5.38%
OM growth 3Y-7.81%
OM growth 5Y-2.95%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-2.77%
GM growth 5Y-1.27%
F-Score5
Asset Turnover0.13
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.05 | ||
| Debt/FCF | 41.21 | ||
| Debt/EBITDA | 7.49 | ||
| Cap/Depr | 60.68% | ||
| Cap/Sales | 21.81% | ||
| Interest Coverage | 0.74 | ||
| Cash Conversion | 60.84% | ||
| Profit Quality | N/A | ||
| Current Ratio | 2.42 | ||
| Quick Ratio | 2.42 | ||
| Altman-Z | 0.52 |
F-Score5
WACC6.61%
ROIC/WACC0.24
Cap/Depr(3y)52.99%
Cap/Depr(5y)267.48%
Cap/Sales(3y)18.45%
Cap/Sales(5y)93.64%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-780.56%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-1800%
EPS Next Y35.65%
EPS Next 2Y20.59%
EPS Next 3Y15.58%
EPS Next 5YN/A
Revenue 1Y (TTM)-3.69%
Revenue growth 3Y1.43%
Revenue growth 5Y1.83%
Sales Q2Q%0%
Revenue Next Year-0.36%
Revenue Next 2Y1.66%
Revenue Next 3Y2.23%
Revenue Next 5YN/A
EBIT growth 1Y-9.87%
EBIT growth 3Y-6.49%
EBIT growth 5Y-1.18%
EBIT Next Year237.73%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-23.4%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-11.4%
OCF growth 3Y-7.01%
OCF growth 5Y3.53%